Historic Apartment
For Sale
$2,500,000
215 E 3Rd Street, Marion, IN 46952
MULTI_FAMILY - Marion, IN
Property Size7,053 SF
Lot Size0.40 Acres
Price / SF$354.46
Days on Market93
Property Features for 215 E 3Rd Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
33
Bathrooms
24
Full bathrooms
24
Rooms
Bedroom 28, Bathroom 18, Bedroom 30, Bathroom 15, Bedroom 7, Bedroom 27, Bathroom 21, Bathroom 2, Bathroom 3, Bedroom 21, Bathroom 8, Bedroom 14, Bedroom 1, Bedroom 33, Bathroom 10, Bathroom 22, Bedroom 18, Bedroom 4, Bedroom 13, Bathroom 7, Bedroom 31, Bedroom 5, Bathroom 1, Bedroom 10, Bathroom 19, Bathroom 4, Bathroom 24, Bedroom 19, Bedroom 23, Bedroom 3, Bedroom 15, Bedroom 17, Bedroom 2, Bathroom 9, Bedroom 12, Bedroom 25, Bathroom 13, Bedroom 24, Bedroom 29, Bathroom 11, Bedroom 16, Bathroom 5, Bathroom 6, Bathroom 20, Bathroom 14, Bedroom 26, Bedroom 32, Bedroom 22, Bedroom 8, Basement, Bedroom 11, Bathroom 12, Bathroom 17, Bedroom 20, Bathroom 23, Bedroom 6, Bedroom 9, Bathroom 16
Parking
38
Lot features
Level
Elementary school
Riverview
Middle school
McCulloch
High school
Marion
Elementary school district
Marion Community Schools
Middle school district
Marion Community Schools
High school district
Marion Community Schools
Directions
St. Rd. 18 West is 3rd Street. located on the corner of 3rd and Branson Streets.
Subdivision
Grant County
Standard status
Active
APN
27-07-06-401-037.000-002
Size
7,053 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
16-01-53 & 52 LOTS 5 & 6 O P BLK 10 MP 0706-401-037.000
Legal Description
16-01-53 & 52 LOTS 5 & 6 O P BLK 10 MP 0706-401-037.000
Utilities
Cooling system
Central Air
Building Details
Year built
1904
Number of units
33
Flooring type
Tile, Wood
Architectural style
Other
Listing Agency:
Continental Real Estate Group
(877) 996-5728
Listed By:
Derek Eisenberg · License #1035235
(201) 803-5250
Added: May 11
Changed: Aug 9
Last Checked: Aug 11 at 6:06PM
MLS# 202617624
Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Castle Apartments is a historic apartment building built in 1904 with central air and interior finishes including tile and wood flooring. The building’s layout includes 11 two-bedroom units, 11 one-bedroom units, 1 studio, and 1 office space, with additional furnished apartments identified as 4 one-bedrooms and 1 two-bedroom apartment available for extended stay or short-term rental.
Located downtown in the epicenter of Marion, the property is positioned by the YMCA and near local restaurants and small businesses in the Riverfront District.
In the basement, there is room for a bar/restaurant, with a liquor license available.
Located downtown in the epicenter of Marion, the property is positioned by the YMCA and near local restaurants and small businesses in the Riverfront District.
In the basement, there is room for a bar/restaurant, with a liquor license available.
Key Highlights
- 11 two‑bedroom units and 11 one‑bedroom units, plus 1 studio and 1 office space
- Basement room for a bar/restaurant, with a liquor license available
- 4 one‑bedroom and 1 two‑bedroom furnished apartments available for extended stay or short‑term rental
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 46952, IN
18,996
Population
8,832
Households
2.2
Avg Household Size
46
Median Age
25%
College-Educated
89%
High-School Grad
105.5 sq mi
ZIP Area
180
Density / Sq Mi
$53,481
Median Household Income
$39,246
Median Earnings
$785
Median Rent
$129,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic apartment building with central air, featuring 11 two-bedrooms, 11 one-bedrooms, a studio, and an office space.
Where is this apartment building located?
The property is located at 215 E 3Rd Street Marion, IN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 11 two‑bedroom units and 11 one‑bedroom units, plus 1 studio and 1 office space; Basement room for a bar/restaurant, with a liquor license available; 4 one‑bedroom and 1 two‑bedroom furnished apartments available for extended stay or short‑term rental
